Neil V.
Carbone
Trusts & Estates
Estate Litigation
Partner
New York City & Uniondale
T: 516-227-0733
ncarbone@farrellfritz.com ncarbone@farrellfritz.com
About Neil
Neil V. Carbone practices in all three areas related to Trusts and Estates – planning, administration and litigation.
Neil handles sophisticated estate planning and administration. His practice includes planning for high net worth individuals and families, preparation of wills and trust agreements, administration of estates and trusts, and representation of clients before federal and state taxing authorities. Neil’s clients include trust companies, banks, foundations, other institutions, and individual fiduciaries and beneficiaries.
In addition, Neil maintains a robust litigation practice. With experience at both the trial and appellate levels, Neil has successfully represented clients in a wide variety of litigated estate and trust matters, including will and trust contests, contested fiduciary accountings and fiduciary surcharge and removal proceedings. Neil has also achieved favorable results for clients in proceedings for the turnover of property to and from estates, proceedings involving claims against estates, proceedings to construe and/or reform wills and trusts, disputes related to the spousal right of election and a variety of other contested proceedings.
Neil appears regularly before the Surrogate’s Courts and appears before other courts throughout New York and the United States Tax Court.
Prior to joining Farrell Fritz, Neil was a partner at Katten Muchin Rosenman LLP. He was previously a Senior Court Attorney at the New York Court of Appeals.
Credentials
Education
- St. John’s University
- St. John’s University School of Law
Bar Admissions
- New York
Court Admissions
- US District Court, Northern District of New York
- US Tax Court
Affiliations & Appointments
- American Bar Association, Member, Real Property, Probate and Trust Law Section
- New York State Bar Association, Member, Trusts and Estates Section; Chair, Estate Litigation Committee
- New York State Bar Association, Member, Elder Law Section
- New York State Bar Association, Member, Trial Lawyers Section
- The Association of the Bar of the City of New York, Member, Committee on Trusts, Estates & Surrogate’s Courts
- Nassau County Bar Association, Member, Surrogate’s Court Estates & Trusts Committee
News
Neil Carbone Quoted in The Moneyist on MarketWatch – “I gave up a job that I loved passionately’: My husband secretly set up a trust that includes our home and his investments. What should I do?”
Trust and estate planning during marriage requires transparency and careful consideration. Neil Carbone shares his insight with The Moneyist on MarketWatch on navigating complex…
February 23, 2024
Neil V. Carbone Quoted in The Moneyist on MarketWatch
Navigating the complexities of marriage and financial planning is crucial. Neil V. Carbone shares his insight on weighing the benefits of having…
February 01, 2024
Neil Carbone Quoted in The Moneyist on MarketWatch
Understanding the intricacies of estate matters is crucial. Neil Carbone shared his insight with The Moneyist on MarketWatch regarding the…
January 08, 2024
Neil V. Carbone Quoted in Financial Advisor: Start Planning Trusts Now For Potential Estate Tax Changes, Advisors Say
The end of favorable estate plan provisions of the 2017 Tax Cuts and Jobs Act may still be more than…
September 28, 2023
Neil V. Carbone Quoted in Financial Advisor Magazine: What Clients Should Do As Clock Runs Out On Estate Planning
With the deadline looming on the of the 2017 Tax Cuts and Jobs Act, Neil Carbone shared his insights with…
September 14, 2023
They do not trust her, nor do I’: My elderly parents fear my sister will empty their bank accounts and steal their possessions. What can we do?
Farrell Fritz Partner Neil V. Carbone was quoted in a recent MarketWatch Moneyist column ‘They do not trust her, nor…
March 29, 2023
‘I love my son, but he is not careful with money.’ I’m retired and want to help my son. Should I buy him a home — and ask him to sign a promissory note?
Farrell Fritz Partner Neil V. Carbone was quoted in a recent MarketWatch Moneyist column discussing what to consider when buying…
February 22, 2023
My mother excluded me from her will — before she died, my sibling cashed out her annuity policy, on which I was a beneficiary. Should I sue my family?
Farrell Fritz Partner Neil V. Carbone was quoted in a recent MarketWatch Moneyist column regarding a potential estate dispute. The…
January 24, 2023
The Six Best Ways to Give to Charity (And Cut Your Tax Bill)
Partner Neil Carbone was quoted in a recent Kiplinger publication. The article explores how charitable donations can be tax efficient. Carbone weighs in…
October 12, 2022
My three siblings and I inherited our father’s home, but the upkeep and taxes are too high. How can I get rid of this property without angering my family?
“In some states, the owner who wants out can sell his or her interest to a third party, usually a…
October 03, 2022
‘My aunt has become forgetful’: Her will leaves $1.2 million to three nuns and a friend who cares more about her inheritance than my aunt. What can I do?
The will and the trust agreement will outline how the gift of the house was made to the four beneficiaries,…
September 14, 2022
Anne Heche’s Son Seeks Control of Her Estate
Homer Laffoon, 20, son of actress Anne Heche, who passed away last month after a fiery car crash in Los…
September 08, 2022
What Is a Testamentary Trust and How Do I Create One?
Not everyone wants to leave heirs with unfettered access to the wealth they’ve accumulated over the course of a lifetime.…
July 15, 2022
‘All kinds of stories and explanations are popping up’: My brother moved in with our mother after our father died in 2015, and transferred family property into his name
There’s a gray line between the skulduggery of an opportunistic child and coercive control. The latter typically involves isolating the…
May 17, 2022
‘We’re concerned this woman may persuade him to leave his house to her’: My father, 85, moved in with a female friend. Can I declare his home abandoned?
Your father’s home belongs to him and him alone, and he is under no obligation to put the house in…
March 25, 2022
‘She was granted power of attorney, but she is abusing that power’: My sister is taking complete control over my 94-year-old mother —and even changed her will
“Like most states, Florida law allows a person to bring a petition for the appointment of a guardian,” says Neil…
March 18, 2022
My daughters will inherit our $2 million estate, but one child struggles with depression, and only works occasionally. How do we protect her after we’re gone?
“Among the benefits of having a corporate trustee are that their fees often include services that individuals will pay other…
February 10, 2022
My brother-in-law is executor of my late father’s $9 million estate and refuses to give us a full accounting. What can we do?
“The executor will have to report all assets collected; all taxes, debts and expenses paid out of estate funds; all…
January 12, 2022
Gifts Of Equity Can Produce Unexpected Tax Pitfalls
Tax issues, said Neil V. Carbone, partner at Farrell Fritz, P.C., in New York, include gift tax and income tax. A sale…
January 10, 2022
6 of the Best Assets to Inherit
Over the next 30 years, there will be a massive transfer of wealth from one generation to the next, a…
December 13, 2021
‘I trust no one!’ My fiancé wants my share of our home if I die, but I have a disabled adult son. Is this the kind of man I should marry?
If you do go ahead with the wedding? Seriously consider a prenuptial agreement. In the absence of such an agreement,…
December 06, 2021
My father desperately begged me, ‘Son, get a lawyer. That woman is going to take away your inheritance!’ My stepmother kept $1 million after he died
I’m sorry you went through this, and that you lost an inheritance your late father had intended for you. He…
December 03, 2021
Estate Taxes Could Ensnare Trusts Favored By Wealthy
Two current tax proposals target key points of most wealthy clients’ estate plans. One’s getting all the headlines, but the…
October 26, 2021
Time To Change Your Estate Plan – Again
The revenue portion of the Build Back Better Act (BBB) that is moving along dramatically changes the landscape for transfer…
September 27, 2021
Cuomo Trust Likely Protects $1M From Lawsuit Damages
Douglas and other attorneys spoke to Law360 Pulse about the enforceability of Cuomo’s $1 million trust in general terms without…
September 24, 2021
5 of the Worst Assets to Inherit
Over the next 30 years, Americans will transfer trillions in wealth from one generation to the next. The median inheritance…
September 14, 2021
Press Releases
29 Farrell Fritz Attorneys Recognized as 2024 Leading Lawyers by Best Lawyers
Farrell Fritz congratulates 19 attorneys on being selected by their peers for inclusion in The Best Lawyers in America© 2024.…
August 18, 2023
21 Farrell Fritz Attorneys Recognized as 2023 Leading Lawyers by Best Lawyers
Farrell Fritz congratulates 17 attorneys on being selected by their peers for inclusion in The Best Lawyers in America© 2023.…
August 18, 2022
Five Farrell Fritz Attorneys Recognized in Chambers 2022 High Net Worth Rankings
Farrell Fritz is pleased to announce that Estate Litigation partners John (Jack) J. Barnosky, Neil V. Carbone, Brian P. Corrigan,…
July 14, 2022
17 Farrell Fritz Attorneys Recognized as 2022 Leading Lawyers by Best Lawyers
Farrell Fritz congratulates 12 attorneys on being selected by their peers for inclusion in The Best Lawyers in America© 2022.…
August 19, 2021
Four Farrell Fritz Attorneys Recognized in Chambers 2021 High Net Worth Rankings
Farrell Fritz is pleased to announce that Estate Litigation partners John (Jack) J. Barnosky, Neil V. Carbone, John R. Morken,…
August 10, 2021
Neil V. Carbone Joins Farrell Fritz’s Trusts & Estates and Estate Litigation Departments as Partner
Farrell Fritz is pleased to welcome Neil V. Carbone as a partner in the trusts & estates and estate litigation…
June 23, 2021
Recognition
Chambers and Partners
Private Wealth Disputes – New York, 2021-2023
Best Lawyers
New York Metro – Trusts and Estates, 2020-present
Martindale-Hubbell
AV Preeminent Peer Review Rating
Citywealth
Leaders List, 2016-2021
NYSBA Empire State Counsel
Pro Bono Recognition
Legal Services for New York City
Pro Bono Recognition